Acquired shares of HDFC Bank Limited (NYSE: HDB) by Flossbach Von Storch AG


In India, Bahrain, Hong Kong, and Dubai, HDFC Bank Limited provides financial and banking products and services to both people and corporations.

[{"selector":"#anim-fa97848e-e55f-4eb1-97f2-c596fb4a3592","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-21f2e170-524d-4c6b-8c57-e2842eb34810","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

The three divisions of the company are treasury services, retail banking, and wholesale banking.

[{"selector":"#anim-a730793f-50ab-4736-9667-24d9c4e55fe5","keyframes":{"transform":["translate3d(115.84158%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8f1b7fcd-085c-4660-85c5-c7f5f1f21c61","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-81d288a7-46c6-457b-9cea-e68f4b984d3c","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-8b99046f-7c2d-4408-a763-8b79af50ef52","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-07ddbd8c-e839-421a-b438-2eaf5ac342ef","keyframes":{"transform":["translate3d(112.57861%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Flossbach Von Storch AG increased its stake in shares of HDFC Bank Limited (NYSE: HDB - Free Report) by 41.8% during the third quarter.

[{"selector":"#anim-961aed29-e692-4256-9471-b9ec26b7cd4a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-77788a70-4fe4-4639-bec4-6d0b020a4f48","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-6e47875e-0679-477c-8d0d-36bea9134f5f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

According to Hdfc in its latest filing with the Securities & Exchange Commission.

[{"selector":"#anim-fce4cecd-da32-4f72-bcec-a3a5f6322f1e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f60c95b1-893d-4bf6-aab2-a824359b7cd9","keyframes":{"transform":["translate3d(0px, -503.27296%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-27400c5e-ee24-49af-a1b7-35545fc643dd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

HDFC Bank (NYSE: HDB - Get Free Report) last announced its results on Monday, October 16th. The bank reported earnings per share of $0.80 for the quarter, beating the consensus estimate of $0.45 by $0.35.

[{"selector":"#anim-0b078515-47c8-4f85-999f-e87e4b261a88","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3a580e89-b5fc-4970-84e0-648d9fd64e96","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-da0c6af2-b468-4118-9ac3-b0dd023108c9","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Several other hedge funds have also recently changed their positions in HDB. Brown Shipley& Co Ltd increased its position in shares of HDFC Bank by 1,274.4% during the 2nd quarter.

[{"selector":"#anim-9996541e-5f69-4140-8d3f-7c6606add409","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1ddfb2bf-2a61-4daa-a82c-32c609d5038c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The institutional investor held 819,470 shares of the bank after purchasing an additional 241,508 shares during the quarter.

[{"selector":"#anim-360d3bdd-006e-4741-bae8-e2265d8ce18c","keyframes":[{"offset":0,"transform":"translate3d(0, -369.89027%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -104.013143924%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -35.361509812%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -13.279060693%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -5.770288212%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":600,"fill":"both"}] [{"selector":"#anim-69d1d5bb-2bac-4d8f-8a5e-6e0879bae1cc","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f8d6365e-968f-45ce-b099-56444814879a","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Check Out Full Story

[{"selector":"#anim-dc3c5789-f203-45b2-9f39-f9b123308f92","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-836d57cf-3edc-4cd7-a29c-5a968c492860","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-11dd3001-4ffe-4d9a-ae84-ce255b766be6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]